The 1976 stage measured 102 m by 41 m (334 ft by 136 ft) and was 12.5 m (40 ft 6ins) high. It had a maximum 4,220 m² (45,424 sq ft) floor space. The stage featured a tank measuring 91 m by 22.5 m by 2.7 m (297 ft by 73 ft by 8 ft 10in). According to 007stage.com, the water tank was an existing studio feature and the stage was created by constructing a building to completely enclose the tank. Technically, because it had no soundproofing, it was a "silent stage", the largest ever built.

The 007 Stage burnt to the ground on 27 June 1984[3] towards the end of filming of Ridley Scott's Legend.[4] It was rebuilt, and reopened in January 1985,[5] with the new name, "Albert R. Broccoli 007 Stage", in time for filming to commence on A View to a Kill (1985).

Another fire occurred on 30 July 2006.[5] The fire occurred just after production ended on the Bond film Casino Royale while the Venetian piazza set was being dismantled. Eight fire engines took 90 minutes to bring the fire under control; a spokesman for the local fire brigade said gas canisters may have exploded inside the building. Filming had been completed on the stage several days before and it was being dismantled, so it did not delay production or release of the film.[5] The damage to the building was extensive causing the roof of the building to collapse.[6] On 31 July 2006, Pinewood issued a statement indicating that the stage "will need to be demolished and rebuilt" and that there had been no casualties in the incident.[6] The fire-damaged stage was demolished on 13–14 September. Construction on the new stage began on 18 September and was completed in under 6 months.[7] The new stage was redesigned and included a number of new features including an increased working floor space area, enclosed stairwells to the gantry, a vehicle ramp into the tank, aircraft hangar-style loading doors, increased electrical power and better insulation. The new stage is 374 feet (114 m) long, 158 feet (48 m) wide and 41 to 50 feet (15 m) high (114 x 48 x 12–15 m). The stage is the biggest in Europe around 59,000 sq ft (5,500 m2).